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Mercuria Gas Bet Shows Traders See Gains in Romania

Mercuria Energy Trading SA’s investment in a Romanian energy producer shows how traders are looking to benefit from the country’s emergence as a natural-gas exporter in a less-regulated eastern European market.

The $50 million stake in Amromco Energy places the trading house in a region where gas prices are rising and state controls are easing to meet European Union demands for liberalization. Mercuria joins Vitol SA, the world’s biggest independent trader, in buying into the country as it prepares for exports that will ease Russia’s grip on energy supplies to its former satellites.